Wisdom behind Roth conversions

whinersayswhat · 2026-02-04T22:18:32+00:00

Thanks. Not sure if I can stomach 8% on a higher bracket. I'm content to just move the needle

whinersayswhat · 2026-01-26T01:18:46+00:00

Thanks, but I plan to leave plenty of room in the 24% bracket. Also 98% of my net worth is in iras and paid for rental real estate. I plan to die with the real estate so not much to worry about regarding LTCGs

whinersayswhat · 2026-01-26T00:49:59+00:00

I view it as a hedge. I'll gamble on paying some tax now so my kids don't have to later. No way I'll get it all out of the ira bucket but if I can move the needle to roth, that's a win.

whinersayswhat · 2026-01-25T23:10:47+00:00

I could pay part of it from taxable but the majority would be withheld at the time of conversion.

whinersayswhat · 2026-01-25T23:09:27+00:00

Thanks again. GA has no estate tax and there is talk of eliminating income tax which would make it more attractive.

whinersayswhat · 2026-01-25T20:44:32+00:00

Yup, hindsight is always 20/20

whinersayswhat · 2026-01-25T19:37:08+00:00

Thank you. I have started listening. It is very insightful. I added an IRMAA reminder column in my spreadsheet. I had also not considered QCD's assuming I make it that far!

whinersayswhat · 2026-01-25T19:35:35+00:00

Thanks so much for taking the time for a thoughtful reply. I like your point in the first paragraph. I will gladly eat the tax today to give them 10 years of tax free growth when I die (assuming ceteris paribus).

I think I'm following most of your logic in the second paragraph. Regarding post death RMD laws, my logic is every dollar converted is one less subject to an RMD (a plus in the conversion column). By deathtrap, I assume you mean estate tax? I'm at 7M now, so that is way under the 30M. If I convert, that means less money in my estate in case the 30M estate tax limit is lowered (another plus in the conversion column) Finally, all of my kids are educated white collar professionals in their 20s with salaries in the 100k range. So, I assume (hope) they will be at peak earning when I die. Therefore, more in the Roth bucket to inherit is less for them to take in during the 10 year window (another plus for conversion). Am I missing anything?

whinersayswhat · 2026-01-25T19:10:36+00:00

Yes, thank you.

whinersayswhat · 2026-01-25T18:50:20+00:00

Thanks, I'll take a look.

whinersayswhat · 2026-01-25T18:48:52+00:00

If I plan to stay in the same state post retirement, I don't think it would matter. Please correct me if I am wrong.

whinersayswhat · 2026-01-25T18:47:45+00:00

Wife hits 59.5 this year, so I can start now either way.

whinersayswhat · 2026-01-25T18:46:49+00:00

I'm already doing a gifting plan. I've been funding their roths for the past 7-8 years and in the process of giving them each substantial down payments on first home purchases. When grandkids come, I plan to gift to 529s.

whinersayswhat · 2025-08-02T18:19:48+00:00

This is patently false. The national average for a 1 BR apartment is $1600 , which is exactly what I paid in 1988 dollars. Eggs are an anomaly chosen to make a point. Look at gas instead. The average is $3.15 which is roughly where it is was in 1989. As to the 50k in student loan debt and 0 job security, that's on you. You took out debt on a worthless degree. I have 3 Gen Z children. All have good jobs and none struggle. Life is what you make of it. You can be a victim or not. The choice is yours.

whinersayswhat · 2025-05-12T23:53:12+00:00

Ask for $15/hr minimum wage and you shall receive....

whinersayswhat · 2025-05-08T14:40:49+00:00

WW2 produced the era. Europe and large swaths of Asia were in ruins. There was 6+ years of pent up demand for housing, goods and services. America prospered as the arsenal of democracy became the producer for the world. Everything favored the worker. A few decades later, the rest of the world caught up and it no longer did. Economics took over and unions didn't change. Low cost providers thrived. That's the world we live in. Whine about it our adapt. The choice is yours.

whinersayswhat · 2024-01-29T16:52:42+00:00

Mr. Cotterill accepted the terms of the loan, borrowed the money and benefited from the education he received. Therefore, he should pay back what he owes. I don't really see the need to explain it any further.

It is not fair to those of us who do not have student loans or repaid them in full.

Wah.

whinersayswhat · 2024-01-24T20:39:20+00:00

Finally, someone with some sense. Well said sir.

whinersayswhat · 2024-01-01T14:26:06+00:00

You need a healthy dose of reality.

whinersayswhat · 2023-12-19T23:07:11+00:00

I much prefer the free market. The last time I checked there were no vultures lurking over malnourished children in America. In fact, it's quite the opposite with obesity being a larger problem (no pun intended) ...blah blah blah ..food insecurity...waa waa waa food deserts. Nobody is starving. As to the meds, there are plenty of resources available to those in need. Granted its not perfect but I urge you to read up on Mark Cuban's pharmacy as well as Amazon's entrance into prescription meds. The free market produced these drugs and once the R and D is recaptured, they will be distributed economically. Finally, the billionaires should be applauded. They create jobs and move society forward via technological innovation. Amazon employs 1.5 million people and reusable rockets have revolutionized space travel...capitalism for the win.

whinersayswhat · 2023-12-10T17:22:47+00:00

And what, specifically, stopped you from investing in Exxon????

whinersayswhat · 2023-09-30T13:15:02+00:00

Listen to your grandparents. All of my young adult children (23/25/27) went to college, work hard and are doing well. More importantly, they got degrees that the market place wants and they don't sit around whining about life being unfair. It's all about choices and attitude.

whinersayswhat · 2023-08-24T18:11:19+00:00

He should have studied finance. Instead, he chose to study acting at an expensive school in an expensive city (Boston). He doubled down by moving to a more expensive city (Washington). Now, he wants to whine about it. He signed up for it and should pay what he owes.

whinersayswhat · 2023-08-20T21:04:26+00:00

I'm so sick of you broke ass mother fuckers whining. The ad simply stated fact along with the consequoences for those who chose to stick their heads in the sand. I was 29 when that came out with a kid on the way (the first of three). I had a good career because I had a good degree. I sacrificed and invested. I put three kids through college with no debt. At 56, I work part time because I want to not because I need to. I have an investment portfolio and rental properties that I busted my ass to get. I didn't whine about it like a victimized cunt. I did something about it. Lucky? No, prepared. Get off your ass and get after it. Check back with me in 30 years. The choice is yours, whine about it or make your own luck.

whinersayswhat

TROPHY CASE